Thoughts On The Future Of Insurance Agents?

[vic120]

 

[Life Hawk]

So long as perfectly smart and educated people don't even know the basic difference between term and whole life and have neither the time or interest to learn about it, we should be okay. Technically, the technology to replace the agents has been in place for decades. Big companies going to take on huge boosts in payroll to have the people folks inevitably will want to talk to?
Bullshit!

I had a client call the other day, they asked if they could talk to an automated system.

 

[marindependent]

He is now peddling Amway products out of the trunk of his car.

Thought we already had an insurer in this industry doing MLMs.

 

[Todd King]

Thought we already had an insurer in this industry doing MLMs.

But Amway has so many different products, and for all ages. No need for leads because EVERYBODY is a potential customer! Oh, and no licensing!! Got to be a much better gig!

 

[vic120]

But Amway has so many different products, and for all ages. No need for leads because EVERYBODY is a potential customer! Oh, and no licensing!! Got to be a much better gig!

When I worked for call center, there was an agent there kept talking to me about checking out this side buis

it was so good he couldn't tell me about it i had to see for myself and its really a BIG opportunity, Yada Yada

I went one time, man it was like a religious cult, everyone was so excited watched some guy give some speech talked a little about it basics but said had to get involved to know more, Something about website that you can buy products and prospects can buy products and you can be rich but not too many hows and whys

and wanted me and others that came to start getting together a list of friends and relatives

I never went any further than that

 

[somarco]

When I worked for call center, there was an agent there kept talking to me about checking out this side buis

it was so good he couldn't tell me about it i had to see for myself and its really a BIG opportunity, Yada Yada

I went one time, man it was like a religious cult, everyone was so excited watched some guy give some speech talked a little about it basics but said had to get involved to know more, Something about website that you can buy products and prospects can buy products and you can be rich but not too many hows and whys

and wanted me and others that came to start getting together a list of friends and relatives

I never went any further than that

You missed the opportunity to make the big bucks

 

[marindependent]

I never went any further than that

Why not @vic120 ?

You missed the opportunity to make the big bucks

You indeed did.

 

[vic120]

Why not @vic120 ?

You indeed did.

wasn't looking for a religious experience

besides that, I get turned off when withholding info here is just a little bit need to commit more attend more meeting put together a list of friends and relatives

and especially that put together a list of friends and relatives to sell before I even know if its legit myself big red flag to me

 

[FETalk]

If anything, the Corona shutdown has opened the eyes of corporate america that their footprint for office space may not be needed in the future. Many are working from home and the dinosaurs who have been against WFH are now being shoved in the right direction. The flip side of this is corporate america may feel that zoom or skype will suffice for the agent force and they only need a few good agents for the people who feel a need to speak with the same person everytime.
I can certainly see schools deciding that they only need 1 teacher to skype a lesson for the day and all students googlechrome their way through the course, thus laying off duplicate teachers. The shopping center agent office will become a thing of the past. Some carriers are already moving to centralized service centers (hello Allstate) which will remove a bunch of licensed staff

What you are saying may be true for your much larger carriers, but I think that there will always be a need for "lots" of high quality individual insurance agents to handle the bulk of sales, as "insurance is sold, not bought".

This is especially true for most if not all of the smaller, mid-sized, and even large insurance companies that make up the "silent majority", but don't have the financial resources (ad dollars) to compete with the large "behemoth" carriers.

This is the reason why (in my opinion) you only see a handful of insurance companies advertising on Google, Facebook, Direct mail, TV etc.; and thus, is also the reason why most carriers will always need a multitude of real live quality insurance agents.